Posts tagged “Mighty Corp”

A teacher carries a doctor – when that TV ad went viral, BIR commissioner Kim Henares, was quoted in media saying a BIR advertisement describes physician as tax cheats.

Senator Nancy Binay called for a Senate probe on the controversial Bureau of Internal Revenue print ad depicting doctors as tax evaders.

In a statement via GMA News, Binay questioned the BIR’s decision to use doctors to depict tax cheats in the agency’s scare and shame campaign.

In a separate issue regarding tax evading, Cigarette manufacturer Mighty Corp. has paid an excise tax of P8 billion for the year 2013, a quantum leap from the modest P300 million it shelled out the previous year.

Oscar Barrientos, Mighty Corp. executive vice president said the tax payment for last year should put to rest false accusations that their company has not been paying its correct duties and taxes.

“The tax we paid for the year 2013 reflects the jump in our market share and our fair share in the increased taxes on “sin” products during last year,” said

Cigarette manufacturer Mighty Corp. has paid an excise tax of P8 billion for the year 2013, a quantum leap from the modest P300 million it shelled out the previous year.

Oscar Barrientos, Mighty Corp. executive vice president said the tax payment for last year should put to rest false accusations that their company has not been paying its correct duties and taxes.

“The tax we paid for the year 2013 reflects the jump in our market share and our fair share in the increased taxes on “sin” products during last year,” said retired RTC judge Barrientos.

Mighty Corp, a Bulacan based tobacco manufacturer did their fair share in helping other people. Aside from selling quality cigarettes in the country, they also involved in charitable works via Wong Chu King Foundation.

“Education is known to be a powerful equalizer. It gives children from low-income families a fighting chance to uplift themselves and their families from poverty and lead productive and meaningful lives.”, said Edilberto Adan, president of Mighty.

Adan announced the foundation’s recent initiative for educational assistance. They gave 100 college scholarship grants to deserving students, who are children of tobacco farmers in Northern Luzon.
He added that the said scholarship program is part of the P10-million joint CSR project of Mighty Corporation and the National Federation of Tobacco Farmers and Cooperatives Inc.. It aims to benefit 65,000 farmers in Pangasinan, La Union, Abra, Cagayan, Isabela, Ilocos Norte and Ilocos Sur.

“This is our way of thanking the farmers for helping to make our company what it is today,” said Adan

“We are happy that Mighty Corporation, through its Wong Chu King Foundation, has stood firm on its commitment to help 65,000 tobacco farmers in the Philippines,” said Mario Cabasal, NAFTAC national president, at the signing, attended by top MC executives and 200 farmer leaders. Currently, they have six high school and 14 college students on scholarship in various schools nationwide.

Meanwhile, Retired judge Oscar Barrientos, MC executive vice president and spokesman, said the foundation offered scholarships to the dependents of active MC employees but later expanded the program to include dependents of retired MC employees and poor but deserving students with excellent academic record.

“Through this program, we hope to help the farmers and their children become competitive in the global market and earn sustainable incomes,” Barrientos said.